HUL Q4 net up 15% at Rs 787 cr; FY13 profit at Rs 3,829 cr
New Delhi: FMCG major Hindustan Unilever Ltd Monday posted 14.65 increase in its net profit at Rs 787.20 crore for the fourth quarter ended March 31, 2013, on the back of robust sales across various business verticals.
The company had posted a net profit of Rs 686.61 crore for the same period of previous fiscal.
Net sales of the company rose by 12.48 percent to Rs 6,367.14 crore for the January-March, 2013 quarter, as against Rs 5,660.48 crore in the corresponding period of previous fiscal, Hindustan Unilever Ltd (HUL) said in a statement.
Commenting on the results, HUL Chairman Harish Manwani said that in a challenging environment, the company has delivered broad based competitive growth and margin improvement.
"We have continued to invest in strengthening our brands, stepped up innovation and driven in-market execution and operational efficiencies even harder," he added.
Commenting on the outlook, he said: "While there are near-term concerns around slowing market growth and inflationary pressures on consumers, we are confident of the medium-to-long-term growth prospects of the FMCG sector and remain focused on delivering consistent and competitive growth with sustainable operating margin improvement."
During the fourth quarter, HUL said its domestic consumer business grew by 13 percent with robust 6 percent volume growth while both home and personal care (HPC) and Foods & Beverages (F&B) verticals registered double digit growth.
"The quarter witnessed price deflation as the benefit of the lower commodity cost was passed on to consumers," it added.
The company said its skin cleansing portfolio delivered a robust performance with double digit volume growth in Dove, Lux and Lifebuoy.
While packaged foods vertical grew by 7 percent, beverages segment grew by 18 percent in the fourth quarter, it added.
For the year ended March 31, 2013, the company's net profit rose by 37.20 percent to Rs 3,828.98 crore on a consolidated basis as against Rs 2,790.66 crore in 2011-12.
On a consolidated basis, the net sales of the company for 2012-13 rose to Rs 26,317.15 crore from Rs 22,987.73 crore in the previous fiscal.
The company's board recommended a final dividend of Rs 6 for the financial year ended March 31, 2013 on equity shares of Re 1 each.
Shares of HUL today closed at Rs 497.60 on the BSE, up 6.98 percent from their previous close.
More from India
More from World
More from Sports
More from Entertaiment
- Cortana for Android available for public beta in US
- Xiaomi Redmi 2 Vs Redmi 2 Prime: Specification comparisons
- Middle class woes to continue, wholesale onion price shoots up to Rs 57 per kg
- Alleged land encroachment in Greater Noida: HC asks DM to decide representation in 3 months
- Watch: Review of Mahindra TUV300